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VP, Systemic & Liquidity Risk Management

Position: VP, Systemic & Liquidity Risk Management
Reports To: EVP Chief Risk Officer
Location: New York, NY

Position Summary:

The Vice President of Systemic & Liquidity Risk Management (SLRM) is responsible for systemic, liquidity, and model risk oversight of The Clearing House Interbank Payments System (CHIPS) and Real Time Payments (RTP). The role requires strong functional knowledge experience in Liquidity, Cash Management, Modelling, and Payment Processing. The individual must demonstrate the confidence and competence to thoroughly assess transactional data and conduct analysis that contributes to insightful business risk conclusions about systemic, liquidity, and participant risk. The VP has additional leadership responsibilities associated with data analytics and reporting, in support of both SLRM and the overall Risk Office. The VP, SLRM interacts with all levels and areas of the organization, including industry experts, regarding identifying, documenting, assessing, and mitigating payments risk. The position calls for a dynamic individual who can manage and lead an effective team to provide value to the Risk Office and The Clearing House.

Qualifications Required:

  • Degree required in Finance, Statistics,  Risk Management, Mathematics or other quantitative discipline
  • 10 + years of experience in modeling, stress testing, sensitivity analysis, and scenario design in financial services and/or risk management
  • 10 + years of experience in intraday liquidity and payment processing with a solid understanding of large value payments systems and payments market infrastructure including Fedwire Funds and SWIFT. 
  • Proven ability to decompose and analyze key data and assumptions in models 
  • Strong critical thinking and analytical skills as demonstrated by the ability to quickly assimilate new information, make sound decisions, make sound decisions, recognize and effectively analyze business problems, propose and implement innovative solutions and deal effectively with change and uncertainty. 
  • Applied knowledge of operational processes and industry best practices of internal control and risk management and assessment
  • Applied knowledge of developing/redesigning processes and measuring effectiveness and efficiency.
  • Ability to document business and functional requirements to ensure applicability to business or regulatory areas, ensuring that requirements are in consumable state.
  • Outstanding oral and written communication skills with ability to present complex information to effectively educate and influence others.
  • Strong technical background in developing primary and challenger models 
  • Ability to define problems, propose solutions and partner with the business to drive tasks through to completion
  • Strong relationship management with demonstrated ability to work across business lines
  • Extremely detail oriented with excellent organizational, follow-up, and analytical skills
  • Proficiency in Excel/MS Applications, statistical analysis tools

Essential Functions and Responsibilities:

  • Oversee the effectiveness and implementation of the Systemic and Liquidity Risk Management Framework and Model Risk Management.
  • Direct the regulatory remediation and communication of all regulatory matters related to systemic, liquidity, model risk, and Recovery and Wind-Down Plan under Title VIII, Regulation HH, and SR 11-7. 
  • Lead and develop the systemic and liquidity risk management relationships and discussions with participants. Through verbal and written communications ensure that systemic risks are understood from both short and longer term impacts.
  • Coordinate and conduct simulation stress testing and lead review presentations with participants on liquidity and systemic risk. Leverage opportunities to increase engagement with participants on the range of stress test simulations, as well as alternatives to highlight systemic and liquidity risks associated with payment systems.
  • Work collaboratively in preparing presentation and training materials that includes analysis of key business risks resulting from scenario simulations versus actual business experience.
  • Document and manage the systemic and liquidity risk management processes (risk simulations, assumptions and testing scenarios, etc.) surrounding the overall program.
  • Provide guidance on quantitative questions, including assumptions and simulation results.
  • Conduct business risk analysis and determine CHIPS and Participant impact.
  • Develop and implement quality control of various data analytics and reporting in support of SLRM and the Risk Office, including key risk indicators, scorecards, and the quantitative elements of ad hoc risk assessments.
  • Assist  in  the  identification  and  evaluation  of  operational  business  risks,  trends,  and  develop processes that help mitigate risk, ensure compliance, and protect TCH's brand.
  • Support business processes by reviewing, monitoring, and assessing the control environment for new and established products and activities.
  • Establish and maintain relationships with TCH's Business and Functional Leaders, as well as the larger Risk Management community, Internal Audit, Legal, Compliance, Operations, and Finance staff.
  • Increase awareness of systemic and liquidity risk management through training and partnering with the business.
  • Monitor, analyze and communicate emerging risks and trends.
  • Contribute towards monitoring applicable regulations in an effort to identify and communicate TCH's compliance status.
  • Assist in coordinating the preparation of the documentation to for regulatory examinations and monitoring applicable regulatory recommendations.
  • Work with senior leads in analyzing business opportunities and related risks
  • Continue to develop and refine the liquidity risk platform that is leveraged by risk, product and customer relationship management.
  • Contribute to project management activities such as: scoping and estimating project efforts.
  • Define annual goals, objectives, and introduce strategic solutions to support Systemic & Liquidity Risk Management department.

Physical Demands and Work Environment:

Work is generally sedentary in nature, but may require standing and walking. The working environment is generally favorable. Lighting and temperature are adequate, and there are no hazardous or unpleasant conditions caused by noise, dust, etc. Work is generally performed within an office environment, with standard office equipment available. Travel is required.

Apply Below*:

  • A letter of interest describing your experience and interest in the position
  • Your resume
  • Names and contact information of three references, or three letters of reference

* Please submit a single application per position.

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